Super Group (SGHC) (SGHC) Research & Development (2021 - 2026)

Super Group (SGHC)'s (SGHC) quarterly Research & Development came in at -$422.0 million in Q1 2026, down 14.99% year-on-year from -$496.4 million in Q1 2025, and down 13.75% on a QoQ basis from -$371.0 million in Q3 2025.

Super Group (SGHC) (SGHC) Research & Development (2021 - 2026) Analysis & Trends

Super Group (SGHC) (SGHC) has 6 years of Research & Development data on file, last reported at -$422.0 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 14.99% year-over-year to -$422.0 million in Q1 2026; TTM through Mar 2026 was -$1.9 billion, a 13.87% decrease from a year earlier, with the FY2021 full-year figure at -$1.1 billion, down 51.66% from the prior year.
  • Research & Development for Q1 2026 stood at -$422.0 million, down from -$371.0 million in the prior quarter.
  • Over the last five years, Research & Development for SGHC reached as high as -$228.8 million in Q3 2022 and fell as low as -$777.0 million in Q2 2025.
  • Historically, Research & Development has averaged -$377.2 million across 5 years, with a median of -$330.0 million in 2024.
  • Across the five-year window, Research & Development jumped 70.28% in 2022 and plunged 115.9% in 2024, its largest moves.
  • Year by year, Research & Development stood at -$228.8 million in 2022, then dropped by 28.86% to -$294.8 million in 2023, then slipped by 19.39% to -$352.0 million in 2024, then decreased by 5.4% to -$371.0 million in 2025, then declined by 13.75% to -$422.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were -$422.0 million in Q1 2026, -$371.0 million in Q3 2025, and -$777.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 966.00 Mn
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 123.18 Mn
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -422.00 Mn
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn -
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn -
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 14.00 Mn
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn -
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn -
10 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn -17.01 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -422.00 Mn
Sep 30, 2025 -371.00 Mn
Jun 30, 2025 -777.00 Mn
Mar 31, 2025 -367.00 Mn
Sep 30, 2024 -352.00 Mn
Jun 30, 2024 -652.00 Mn
Mar 31, 2024 -330.00 Mn
Sep 30, 2023 -294.83 Mn
Jun 30, 2023 -301.99 Mn
Mar 31, 2023 -295.93 Mn
Sep 30, 2022 -228.80 Mn
Jun 30, 2022 -240.83 Mn
Mar 31, 2022 -270.17 Mn
Sep 30, 2021 -769.91 Mn
Jun 30, 2021 -540.30 Mn
Mar 31, 2021 -258.68 Mn